ADENTRA Inc. (TSE:ADEN) Sees Significant Increase in Short Interest

ADENTRA Inc. (TSE:ADENGet Free Report) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 66,200 shares, an increase of 33.7% from the May 15th total of 49,500 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is presently 94.6 days.

Wall Street Analyst Weigh In

ADEN has been the subject of a number of research analyst reports. Scotiabank set a C$51.00 price target on ADENTRA and gave the stock an “outperform” rating in a report on Thursday. National Bankshares raised their target price on ADENTRA from C$51.50 to C$53.00 and gave the company an “outperform” rating in a report on Thursday.

View Our Latest Stock Analysis on ADENTRA

ADENTRA Stock Up 1.0 %

ADEN stock opened at $38.49 on Friday. The business’s 50-day moving average is $29.92 and its two-hundred day moving average is $26.24. ADENTRA has a 1 year low of $24.64 and a 1 year high of $43.91.

ADENTRA Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 15th were given a dividend of $0.1034 per share. This represents a dividend yield of 1.38%. The ex-dividend date was Friday, April 12th. This is a positive change from ADENTRA’s previous dividend of $0.10. ADENTRA’s dividend payout ratio (DPR) is 19.67%.

About ADENTRA

(Get Free Report)

ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.

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